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Shelly Beaman (social security number 412-34-5670) is single and resides at 540 Front Street, Ashland, NC 27898. Shellys W-2 wages $ 55,800 Federal withholding 10,044

Shelly Beaman (social security number 412-34-5670) is single and resides at 540 Front Street, Ashland, NC 27898.
Shellys W-2 wages $ 55,800
Federal withholding 10,044
Social security wages 55,800
Social security withholding 3,460
Medicare withholding 809
State withholding 3,348
1099-INT New Bank 532
1099-DIV XYZ, Inc.
Ordinary dividends 258
Qualified dividends 258

Shelly had the following itemized deductions:
State income tax withholding (from W-2) $ 3,348
State income tax paid with 2015 return 600
Real estate tax 4,200
Mortgage interest 11,800
Charitable contributions 2,500

Shelly also started her own home design consulting business in March 2016 (Business code, 238990, Cash basis). The results of her business operations for 2016 follow:

Gross receipts from clients $ 154,000
Vehicle mileage 21,000 business miles (2,100 per month)
32,000 total miles during the year
2009 Chevy Suburban
Placed in service 03/01/16
Postage (750 )
Office supplies (1,500 )
State license fees (155 )
Supplies (5,300 )
Professional fees (2,500 )
Design software (1,000 )
Professional education programs (registration) (550 )
Travel to education program
Airplane (350 )
Lodging $119/night 3 nights
Meals per diem $46 per day x 3 days
Business Assets Date Purchased Cost
Laptop 6/08/16 $ 2,500
Computer 3/05/16 5,700
Printer 3/01/16 1,800
Copier 6/02/16 1,700
Furniture 4/01/16 5,000
Building 3/01/16 175,000
Phone (600 )
Internet service (450 )
Rent (8,300 )
Insurance (1,700 )

Shelly made a $27,000 estimated tax payment on September 15, 2016. Prepare Shellys Form 1040 for 2016 including all of the supplementary schedules. Schedule A, Schedule B, Schedule C, Form 4562, and Schedule SE are required. Section 179 is elected on all eligible assets in 2016. She wants to contribute to the presidential election campaign and does not want anyone to be a third-party designee. Shelly had qualifying health care coverage at all times during the tax year. For any missing information, make reasonable assumptions. (List the names of the taxpayers and any income they receive in the order in which they appear in the problem. Input all the values as positive numbers unless otherwise stated in the forms. Round your intermediate computations to nearest whole dollar value.)

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